1024 NW 184th WayPembroke PinesFL33029
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Pembroke Pines at 1024 NW 184th Way, Pembroke Pines, FL, 33029 uses $258,265 cash to close to unlock $22,929/yr annual cash flow and $1,911/mo monthly cash flow. Total monthly income runs $7,120/mo, and a $3,842/mo payment keeps the spread at $1,911/mo. Purchase price stands at $785,000, and rental yield measures 10.88% with $7,120/mo rent. Return on cash invested shows 28.94% in year one, and 5% annual appreciation builds toward $216,881 over five years. Five-year ROI reaches 151.81% and total cumulative return in cash records $392,078. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,120/mo property income covering a $3,842/mo payment rather than investor’s personal income.
Single Family
Built in 1995
7,307 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33029, Hollywood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,383 (100%) |
| Owner Occupied HU | 12,840 (89.3%) |
| Renter Occupied HU | 1,365 ( 9.5%) |
| Vacant Housing Units | 178 ( 1.2%) |
| Median Home Value | $622,938 |
| Average Home Value | $637,155 |
Housing Distribution
Address Breakdown
Residential
14,552
Single Family
13,880
Multi-Family
672
Businesses
575
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Listed by: Pamela Garner • RE/MAX Select Group
Mls Name: MIAMI
Mls ID: #A11954847